Correct option is B
The correct answer is (b) Oil & Natural Gas Corporation Limited (ONGC).
ONGC (Oil & Natural Gas Corporation Limited) is not a Navratna company because it is classified as a Maharatna company in 2010, a status higher than Navratna, granted to PSEs of significant size and operations.
Information About Other Options:
- Hindustan Petroleum Corporation Limited (HPCL): A Navratna company involved in petroleum refining and distribution.
- Rural Electrification Corporation Limited (REC): A Navratna company focusing on financing rural electrification projects.
- Oil India Limited (OIL): A Navratna company involved in oil and gas exploration and production.
Information Booster:
Categories of Public Sector Enterprises in India
- The government categorizes all Public Sector Undertakings (PSUs) into three categories, namely Maharatna, Navratna, and Miniratna.
- In the year 2023, Oil India Limited was elevated as to the Maharatna status.
- Hindustan Petroleum Corporation Ltd (HPCL) elevated to the status of a 'Maharatna' in the year 2019.
- RECRural Electrification Corporation Limited (REC) has been accorded with the status of a ‘Maharatna’ Central Public Sector Enterprise in 2022.